California

Here’s How Much You Need to Make to Afford Rent in SF

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City living can be fun, glamourous and expensive - but mostly expensive.

If you were thinking about moving to a city soon, you might want to take a look at Smart Asset's 2016 report that breaks down just how much money you really need to make it in the big city.

The personal-finance company gathered data on the average cost of renting available two-bedroom apartments in in each major city and calculated the gross income required by setting the rent-toincome ratio at 28%.

Check out the cost of these major cities!

San Francisco, California

Income needed to pay rent: $216,129

Average cost of renting a two-bedrom in 2016: $5,043

Percent change from 2015: 7.4%

New York, New York

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Income needed to pay rent: $158,229

Average cost of renting a two-bedroom in 2016: $3,692

Percent change from 2015: -0.1%

Los Angeles, California

Income needed to pay rent: $145,629

Average cost of renting a two-bedroom in 2016: $3,398

Percent change from 2015: 17.1%

Boston, Massachusetts

Income needed to pay rent: $120,900

Average cost of renting a two-bedroom in 2016: $2,821

Percent change from 2015: -0.2%

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